Private equity firms seeking to buy GoDaddy: Source
NEW YORK: Three private equity firms are in talks to buy website domain hosting company GoDaddy, a source close to the negotiations said Friday.
GoDaddy, the world's largest registrars of domain names, is in talks with KKR, Silver Lake and Technology Crossover Ventures and a deal could be reached early next week, said the source who requested anonymity.
The purchase price would be between $2 billion and $2.5 billion.
GoDaddy declined to comment on Friday and a KKR spokesman said the company "does not comment on rumour or speculation."
According to The Wall Street Journal, GoDaddy founder Bob Parsons would remain as chief executive if GoDaddy is sold.
Founded in 1997, GoDaddy, is based in Scottsdale, Arizona. It manages over 48 million domain names around the world.
Copyright AFP (Agence France-Presse), 2011
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